If GNP per capita at constant prices for Ghana is US$360 and US$364 in 1996 and 1997 respectively, The real economic growth from 1996 to 1997 is ?
Correct answer: B. 1.11%
- A. 4%
- B. 1.11%
- C. 0.011%
- D. 11%
Explanation
Real growth is (364 − 360) / 360 × 100 = 1.11%. Because the figures are already at constant prices, this measures real rather than inflation-affected growth.
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